1st Edition

Legal and Financial Aspects of Project Finance in Africa

By Boris Martor, Ousmane Diawara Copyright 2026
318 Pages 13 B/W Illustrations
by Routledge

318 Pages 13 B/W Illustrations
by Routledge

This book offers a comprehensive analysis of the specifics of project financing in Africa and suggests how to structure and operate those projects in an emerging continent.   Infrastructure development in Africa is essential to meet the needs of the population and is a major lever for economic and social development. Financing solutions exist to offset the limited investment capacity of African... Read more

Introduction

 

Part I: Project Development

1. The Environment and Prerequisites

2. The Different Forms of Infrastructure Projects

3. Project Development Players

4. The Stages of Development

5. Project Contracts

 

Part II: Project Financing

6. Financing Players

7. Principles of Bankability

8. Sources of Financing

9. Financial Models

10. The Main Financing Contracts

 

Part III: Project Implementation

11. Monitoring Project Implementation

12. Managing Changes and Project Completion

13. Refinancing

14. Managing Disputes Arising from Project Financing

15. Insolvency of the Project Company

Biography

Boris Martor, a graduate of the DJCE and Panthéon-Sorbonne University, is a Bird&Bird partner and has worked in the infrastructure sector in Europe and Africa for over 25 years. He teaches at the Universities of Paris Assas and Sorbonne Paris Nord and as part of training courses at the École des Mines Paris Tech.

Ousmane Diawara, a graduate of the École des Mines de Nancy, has been working for over 15 years with public and private players in the development and financing of infrastructure projects, particularly in Africa. He gives numerous training courses on this subject.

The book is simply the reference as no other book was published on this subject.

Amadou Soumano, Deputy Director & Lead Counsel, Africa Finance Corporation 

 

For any project finance professional working in Africa this is a very useful book that provides a comprehensive overview with many examples of projects closed on the continent.

Nivaldo Pignot, General Counsel, AMEA Power

 

This is a must read for anyone conducting or acting on the African project finance market.

Guy Stéphane Gbla, Vice Président, Ecobank Capital

 

Legal and Financial Aspects of Project Finance in Africa is a groundbreaking and indispensable resource for anyone involved in the development and financing of infrastructure projects on the continent. As the only book dedicated to this critical subject, it fills a significant gap in the literature by providing comprehensive examples of projects and practical advice from the initial development stages through to financing.

 

Fatmi Squalli, Group Head of Structured and Project Finance, Attijaiwafabank 

 

Clear, practical, and profoundly insightful, this book sets the standard for understanding and succeeding in project finance across Africa. A definitive resource for investors, policymakers, practitioners and anyone involved in  infrastructure projects on the continent.

 

Me Gorgon Feliho, Avocat (France) and Solicitor (England & Wales), Chief Legal Counsel at the African Development Bank

  

Legal and Financial Aspects of Project Finance in Africa is the definitive guide in its field, offering readers the tools and knowledge they need to successfully manage and finance infrastructure projects in one of the world's most dynamic and challenging environments.

Mylène Junius, General Counsel, Eranove